1,807 Shares in Chubb Limited $CB Acquired by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC purchased a new position in shares of Chubb Limited (NYSE:CBFree Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,807 shares of the financial services provider’s stock, valued at approximately $524,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares during the last quarter. Nuveen LLC acquired a new position in Chubb during the 1st quarter worth $562,221,000. Demars Financial Group LLC boosted its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the period. Ameriprise Financial Inc. boosted its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares during the period. Finally, Cohen Investment Advisors LLC boosted its position in Chubb by 2,408.4% during the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock worth $88,456,000 after acquiring an additional 281,234 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chubb news, Director Michael Corbat bought 425 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CB shares. The Goldman Sachs Group boosted their price target on Chubb from $299.00 to $303.00 and gave the stock a “neutral” rating in a research report on Monday. Cantor Fitzgerald upgraded Chubb to a “hold” rating in a report on Wednesday, August 13th. Jefferies Financial Group upped their price objective on Chubb from $295.00 to $297.00 and gave the company a “hold” rating in a report on Tuesday. UBS Group cut their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $324.00 to $333.00 and gave the company an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $306.82.

Get Our Latest Stock Analysis on CB

Chubb Stock Performance

Shares of NYSE CB opened at $284.13 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $113.28 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 3.23 and a beta of 0.54. The business’s 50-day simple moving average is $276.36 and its 200-day simple moving average is $282.07. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

Chubb (NYSE:CBGet Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.38 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were paid a dividend of $0.97 per share. The ex-dividend date was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is presently 17.12%.

Chubb Company Profile

(Free Report)

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

See Also

Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CBFree Report).

Institutional Ownership by Quarter for Chubb (NYSE:CB)

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